EHang Launches Aerial Tourism Solutions with Strategic Husband or wife Greenland Hong Kong Nasdaq:EH

EHang Launches Aerial Tourism Solutions with Strategic Associate Greenland Hong Kong EH216 flying across the…

EHang Launches Aerial Tourism Solutions with Strategic Associate Greenland Hong Kong

EH216 flying across the estate venture, Forest Lake

EHang Launches Aerial Tourism Companies with Strategic Associate Greenland Hong Kong

EHang Launches Aerial Tourism Services with Strategic Partner Greenland Hong Kong

The strategic partnership signing ceremony of EHang and Greenland Forest Lake

GUANGZHOU, China, Dec. 28, 2020 (Globe NEWSWIRE) — EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading autonomous aerial vehicle (“AAV”) technological know-how system organization, announced the launch of its very own autonomous city air mobility (“UAM”) companies with its strategic lover Greenland Hong Kong Holdings Confined (SEHK: 00337) (“Greenland Hong Kong”), an HKEX-detailed true estate enterprise. The demo services consist of an aerial sightseeing application and aerial media exhibits, which will be rolled out in the partner’s tourism real estate challenge (Forest Lake) situated in Zhaoqing, a preferred tour destination town in Guangdong, China. The Company intends to perform jointly with Greenland Hong Kong about time to give aerial tourism expert services applying its EH216 AAVs in extra cities.

The collaboration will begin with a flight foundation in Forest Lake 1st, independently operate by EHang, to supply aerial sightseeing services to travellers. Forest Lake is situated near to the new Zhaoqing-Pearl River Delta-Hub Airport, which is beneath building. The location features considerable tourism attractions, like 7 pure lakes and wetlands masking 3 million square meters. Likely forward, the two functions will operate with each other to commercialize EHang AAV technologies in many use cases together with aerial sightseeing.

As a unique use circumstance of UAM, aerial sightseeing has potent need and enormous sector potential. In early 2017, the Chinese Ministry of Transport, the Ministry of Tradition and Tourism and the Civil Aviation Administration jointly issued “Tips on Promoting the Built-in Advancement of Transportation and Tourism”. This directive supported the growth of aerial sightseeing by encouraging essential tourist towns and suitable scenic spots to carry out pilot systems for civil aviation tourism as nicely as to open low-altitude flight routes. Small-altitude tourism in China could reach 4.2 billion passengers in the latest several years, major to a market dimensions of RMB58.5 billion, according to forecasts from the China Air Transportation Association.

“Our philosophy for Forest Lake is focused on enriching residents’ lives by offering improved cultural and tourism guidance. We can assistance to reach this target through our strategic partnership with EHang, which is centered on in depth investigate and mutual passions. We intend to get the job done with each other to use our complementary pros to realize acquire-acquire cooperation,” mentioned Sun Qi, Basic Supervisor of Forest Lake.

Edward Xu, Chief Strategy Officer of EHang explained, “We are fired up to lover with Greenland Hong Kong to launch trial operations of the EH216 and bring our safe and sound, green and snug UAM services to neighborhood people. As an AAV technology platform firm and a UAM operator, we are steadily rolling out international demo functions and will even more get the job done with our partners to build far more UAM networks.”

The Business sees several pros of its EH216 AAVs to typical one-propeller helicopters, these types of as better safety stage, reduced sounds amount, reduced expenses, and zero emissions. Powered by fossil gas, helicopters discharge important amounts of environmentally friendly-house gases and have high failure dangers. Nonetheless they are a lot more costly to work with pilots. Provided the crucial rewards, EHang thinks its EH216 AAVs have the likely to come to be a new vacation automobile for low-altitude aerial sightseeing.

To view the video, you should check out: https://youtu.be/iQijsFcbRjU

About EHang
EHang (Nasdaq: EH) is the world’s foremost autonomous aerial motor vehicle (AAV) engineering platform business. Our mission is to make safe, autonomous, and eco-pleasant air mobility accessible to every person. EHang offers customers in several industries with AAV products and business methods: air mobility (including passenger transportation and logistics), sensible town management, and aerial media solutions. As the forerunner of cutting-edge AAV technologies and commercial methods in the worldwide City Air Mobility (UAM) industry, EHang proceeds to discover the boundaries of the sky to make flying technologies profit our lifestyle in clever metropolitan areas. For a lot more information and facts, you should check out www.ehang.com.

Protected Harbor Statement
This press release has statements that may possibly constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be recognized by terminology this kind of as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and identical statements. Management has based mostly these ahead-looking statements on its recent expectations, assumptions, estimates and projections. Whilst they imagine these expectations, assumptions, estimates and projections are reasonable, this sort of forward-on the lookout statements are only predictions and include regarded and unidentified hazards and uncertainties, a lot of of which are over and above management’s command. These statements contain hazards and uncertainties that may possibly result in EHang’s true outcomes, efficiency or achievements to vary materially from any potential outcomes, general performance or achievements expressed or implied by these ahead-on the lookout statements.

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